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Mitsubishi UFJ to buy two Asia units of Home Credit for $620 million

Japan Times LogoJapan Times2d ago

Mitsubishi UFJ to buy two Asia units of Home Credit for $620 million

Quick Summary

The deal comes as Japan's largest lender aims to beef up its business in Asia to tap growth in consumption in emerging markets.

Mitsubishi UFJ Financial Group said Thursday it would buy the Philippine and Indonesian units of Dutch consumer finance company Home Credit Group for about €596 million ($621 million, ¥86.2 billion).

The deal comes as Japan’s largest lender aims to beef up its business in Asia to tap growth in consumption in emerging markets, while ultralow interest rates and an aging population limit business opportunities at home.


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News Analysis

Author / Journalist: Makiko Yamazaki

Category: Nation Politics

Topics: Enjoy Group Comment Include Business Plan List Million Sites Content Subscription

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: japantimes.co.jp

Readership Location: Japan

Published Date: 2022-11-24, 20:33:42

News Timezone: GMT +9:00

Language: English

Original Article Length: 218 words

Reading Duration: 2 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 5568645

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Japan Times Logo

Name: Japan Times

Main Topics: NationPolitics

Official Website: japantimes.co.jp

Update Frequency: 40 posts per day

Last Update: 13h ago

Headquarters: Japan

Coverage Areas: Japan

Publication Owner: Independent Company

Publication Timezone: GMT +9:00

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Publisher ID: #132

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